Rajesh Exports' Q2 FY24-25 financial results show mixed performance

Rajesh Exports, a midcap company in the diamond and gold jewellery industry, has recently declared its financial results for the quarter ending September 2024. The company's stock has been given a 'Strong Sell' call by MarketsMOJO.

According to the financials, Rajesh Exports has shown a flat performance in Q2 FY24-25, with a score of 0 compared to -18 in the previous 3 months. However, there are some positive aspects to the company's performance.

The Profit Before Tax (PBT) less Other Income has grown by 172.0% to Rs 32.71 crore, compared to the average PBT of the previous four quarters which was -45.44 crore. This shows a very positive trend in the near term. Similarly, the Profit After Tax (PAT) has also shown a significant growth of 379.2% to Rs 45.56 crore, compared to the average PAT of the previous four quarters which was 9.51 crore. The Operating Profit (PBDIT) has also been the highest in the last five quarters at Rs 76.56 crore, indicating a positive trend in the near term. The company has also shown an increase in Earnings per Share (EPS) to Rs 1.54, creating higher earnings for its shareholders.

However, there are some concerns regarding the company's non-operating income, which is 39.84% of the Profit Before Tax (PBT). This suggests that the company's income from non-business activities is high, which may not be a sustainable business model.

Overall, Rajesh Exports has shown a mixed performance in the quarter ending September 2024. Investors are advised to carefully consider all aspects before making any investment decisions.